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The construction industry is often said to be the bellwether of economic prosperity: when we are feeling prosperous and confident about the future, it usually translates into high levels of construction activity, particularly in the private sector; and conversely, when we are not confident, construction is often the first tap to be turned off.


This cyclical demand is not the only challenge the sector faces: skills shortages, cost and price pressures, poor productivity and profitability, and of course, the ever constant cashflow demands add to the issues most businesses – large or small – face today.

At Playfair Partnerships, whilst we can’t help with the plumbing or engineering, we can help the management team evaluate market opportunities and devise strategy, while also keeping an eye on the profitability and cashflow of the business.

  • Our construction strategy and growth services will help your management team identify and evaluate the best market opportunities and devise strategy to address them. We will support this by helping you identify and attract the necessary funding needed to realise the strategic plans, as well as collating and presenting the management information needed to monitor and control the business.
  • Our construction financial management and control services will help keep an eye on profitability and cashflow. It is imperative to keep on top of both, in real time, not after all is finished – and it is too late to take corrective action. We provide comprehensive financial management and control and we have a thorough knowledge of the uniqueness and specific application of these services in the construction industry. 
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    Our construction financial management and control services:

    • Contract costing – keeping track of profit and cash for each job
    • Valuations, work-in-progress calculations and cost-to-complete - to ensure the correct level of profit is reported
    • Variations to contract or specification – this happens in almost all contracts, and it is essential to record, communicate and evaluate properly during the job, not at the end
    • Accounting for applications - keeping track of multiple applications and payments received
    • Final account agreement – with proper supporting information, delivered promptly and agreed with the client
    • Accounting for retentions - and remembering to apply for payment at the end of both first and second moiety
    • VAT & billing - dealing with various VAT schemes and levels, applications and invoices
    • Cashflow management – planning and controlling the cashflow; managing deposits and stage payments, creditors and subcontractor payments
    • Managing the costs of the employed workforce - with payroll, time-sheets, PAYE and auto-enrolment processes
    • Managing the costs of the subcontractors – with CIS and keeping track of multiple applications and retentions
    • Budgeting and Forecasting
    • Management accounts – regular, timely, accurate and informative management accounts to keep track of business performance
    • Statutory Accounting, VAT, Corporation Tax & other tax returns – ensuring all compliance matters are accurately calculated and properly managed
  • Given the above, we hope your business is in good health, but if it is not and is experiencing a business or financial downturn, our construction business turnaround services are here to help resuscitate the business, restoring it to long-term profitability and financial stability.

Our breadth of services and knowledge in this sector allow us to work quickly to support your business and our proactive approach enables us to integrate with your business, giving you anytime access to the right level and volume of resources without the full-time costs.

If you think that your construction business needs some funding, better financial management, advice and support or is experiencing a downturn, please get in touch – we’ll be happy to talk to you.


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Our details

4 Post Office Walk
SG14 1DL

01992 929394[email protected]

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